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USDCAD Market Analysis for October 30, 2026
The Canadian dollar pair has seen a significant downward move; I am currently sidelined, as I believe it is still too early to initiate long positions. We have entered the spread.
If the price reaches the 1.3900 area, it may be worth considering potential buy opportunities. As for short positions, they are no longer viable; we should simply observe whether the price can extend lower to these levels.
There is also a margin zone slightly lower, currently at 1.3885, which represents 2.5 downward margin moves.